{"id":654869,"date":"2024-11-10T00:00:00","date_gmt":"2024-11-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/"},"modified":"2024-11-10T00:00:00","modified_gmt":"2024-11-10T00:00:00","slug":"ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/","title":{"rendered":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gulf of Suez mega wind farm looks close to securing 20% of its total funding: <\/strong>Saudi renewables giant ACWA Power and Hassan Allam Utilities (HAU) are in talks with the European Bank of Reconstruction and Development (EBRD) over a proposed USD 200 mn loan to help finance the alliance's USD 1.06 bn mega wind farm planned for the Gulf of Suez, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/55457.html\" style=\"\" rel=\"noopener\">project summary<\/a> from the development bank. No further details about the terms of the financing were provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t the only piece of financing the consortium is hoping to finalize by the end of<\/strong><strong> this year: <\/strong>The two companies are reportedly set to secure close to USD 900 mn in financing by the end of the year for their 1.1 GW wind farm in Gulf of Suez, a source with knowledge of the matter <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a627ddcc-5e87-4c76-a1e0-33b30fea09f8\/acwa-power,-hassan-allam-plan-to-secure-close-to-usd-900-mn-for-their-mega-gulf-of-suez-wind-farm-by-year-end\" style=\"\" rel=\"noopener\">told EnterpriseAM<\/a> in September.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>When operational, the project will offset 2.2 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households. The wind farm\u2019s 1.1 GW capacity will mark it as the largest wind project in both Africa and the Middle East.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The consortium <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d79ed63-6bef-4d9e-8dce-edca1c628ebb\/a-larger-imf-package-looks-like-a-question-of-if-and-not-when\" style=\"\" rel=\"noopener\">signed a 25-year land usufruct agreement<\/a> with the New and Renewable Energy Authority for the wind farm back in January. Commercial operations are set to begin by the end of 2026, according to a statement released at the time.<\/p>\n<p class=\"tag-border-left\">IN OTHER DEVELOPMENT FINANCE NEWS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A USD 120 mn top-up for Scatec\u2019s solar project?<\/strong> EBRD also gave its initial approval to a USD 120 mn equity bridge loan to <a target=\"_blank\" href=\"https:\/\/www.obelisk.com\/services\/renewables\/solar-pv\" style=\"\" rel=\"noopener\">Obelisk Solar<\/a> \u2014 a special purpose vehicle owned by Norway\u2019s Scatec \u2014 to fund part of Scatec\u2019s 1-GW solar power plant in Nagaa Hammadi, the lender said in a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/55885.html\" style=\"\" rel=\"noopener\">project summary<\/a>. The funds, if given the final green light, will come in two tranches and will be used to help build the solar farm and equip it with a 200 MWh battery energy storage system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Norwegian renewables developer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/030a7f95-e1d2-4bbb-97de-4027ece8dafe\/scatec%25e2%2580%2599s%253cmark%253e-nagaa-hammadi%253c%2Fmark%253e-solar-plant-is-going-to-be-twice-as-big-as-we-thought,-cost-usd-1.1-bn\" style=\"\" rel=\"noopener\">inked an agreement<\/a> earlier this year to build a USD 1.1 bn solar plant to power EgyptAlum\u2019s Nagaa Hammadi industrial complex with 2 GW of green energy. The project is part of the state-owned aluminum producer\u2019s plan to ramp up production, comply with global sustainability and manufacturing standards, and lower its carbon footprint. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- The EBRD has launched a EUR 35 mn unfunded portfolio risk-sharing facility with QNB<\/strong><strong> Egypt to support SMEs<\/strong>, which will help cover 50% of the credit risk of new on-lending, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/news\/2024\/ebrd-guarantee-to-qnb-egypt-to-unlock-70-million-for-small-firms-in-egypt.html\" style=\"\" rel=\"noopener\">statement<\/a> from the development bank. This facility \u2014 which the bank says is the first of its kind in Egypt and the southern and eastern Mediterranean region \u2014 aims to reduce the financing gap for these businesses. The EBRD will also implement a pilot climate-risk assessment tool with QNB to help the bank assess and monitor climate-related risks in its portfolio, in line with international best practices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households<\/p>\n","protected":false},"author":1,"featured_media":654870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7576],"tags":[1042,101,571,1008,93,72,8277,625,151,573,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-finance","tag-acwa-power","tag-development-finance","tag-ebrd","tag-egypt-aluminum","tag-energy","tag-enterpriseam","tag-hassan-allam-utilities","tag-qnb-alahli","tag-renewables","tag-scatec","tag-smes","wpautop","entry"],"acf":{"mongo_id":"5724322f-73a4-4a47-a93b-9501e054971b","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2088.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm","related_issue":[654859],"teaser":"When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.a7c0e3b3-01b1-4556-a6fd-f9cc46c7f42c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm\" \/>\n<meta property=\"og:description\" content=\"When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-10T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm\",\"datePublished\":\"2024-11-10T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\"},\"wordCount\":489,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACWA Power\",\"development finance\",\"EBRD\",\"Egypt Aluminum\",\"energy\",\"EnterpriseAM\",\"Hassan Allam Utilities\",\"QNB Alahli\",\"renewables\",\"Scatec\",\"SMEs\"],\"articleSection\":[\"Development finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\",\"name\":\"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-10T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/","og_locale":"en_US","og_type":"article","og_title":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm","og_description":"When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1 mn households","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-11-10T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm","datePublished":"2024-11-10T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/"},"wordCount":489,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1","keywords":["ACWA Power","development finance","EBRD","Egypt Aluminum","energy","EnterpriseAM","Hassan Allam Utilities","QNB Alahli","renewables","Scatec","SMEs"],"articleSection":["Development finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/","name":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1","datePublished":"2024-11-10T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/ebrd-mulling-usd-200-mn-loan-for-hassan-allam-utilities-and-acwa-powers-1-1-gw-gulf-of-suez-wind-farm\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power\u2019s 1.1 GW Gulf of Suez wind farm"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":658460,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/12\/acwa-reaches-financial-close-on-usd-1-2-bn-gulf-of-suez-project\/","url_meta":{"origin":654869,"position":0},"title":"Acwa reaches financial close on USD 1.2 bn Gulf of Suez project","author":"enterpriseam admin","date":"12 January 2025","format":false,"excerpt":"The funding includes a USD 275 mn loan from EBRD","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/430.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657642,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/24\/ebrd-greenlights-usd-275-mn-loan-for-gulf-of-suez-mega-wind-farm\/","url_meta":{"origin":654869,"position":1},"title":"EBRD greenlights USD 275 mn loan for Gulf of Suez mega wind farm","author":"enterpriseam admin","date":"24 December 2024","format":false,"excerpt":"EBRD is contributing USD 200 mn and the remaining USD 75 mn will be coming from Arab Bank and Standard Chartered","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2088.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656427,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/afdb-backs-hassan-allam-and-acwas-gulf-of-suez-mega-windfarm-with-usd-170-mn-loan\/","url_meta":{"origin":654869,"position":2},"title":"AfDB backs Hassan Allam and ACWA\u2019s Gulf of Suez mega windfarm with USD 170 mn loan","author":"enterpriseam admin","date":"4 December 2024","format":false,"excerpt":"The loan would fund 16.0% of the entire USD 1.1 bn project","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/362.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":658174,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/06\/hassan-allam-and-acwa-power-get-government-approval-for-1-1-gw-gulf-of-suez-wind-farm\/","url_meta":{"origin":654869,"position":3},"title":"Hassan Allam and ACWA Power get government approval for 1.1 GW Gulf of Suez wind farm","author":"enterpriseam admin","date":"6 January 2025","format":false,"excerpt":"The wind farm\u2019s 1.1 GW capacity will mark it as the largest wind project in both Africa and the Middle East","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1515.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577087,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/egypt-has-just-lined-up-as-much-as-25-gw-worth-of-wind-projects\/","url_meta":{"origin":654869,"position":4},"title":"Egypt has just lined up as much as 25 GW worth of wind projects","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"Egypt lined up commitments for up to another 15 GW of wind power yesterday, bringing to 25 GW the total new wind-power generation capacity it has locked in recent days. 25 GW: That\u2019s A LOT of power. It\u2019s almost half of the country\u2019s current installed capacity, which at the end\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":644041,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/acwa-power-hassan-allam-plan-to-secure-close-to-usd-900-mn-for-their-mega-gulf-of-suez-wind-farm-by-year-end\/","url_meta":{"origin":654869,"position":5},"title":"ACWA Power, Hassan Allam plan to secure close to USD 900 mn for their mega Gulf of Suez wind farm by year end","author":"enterpriseam admin","date":"19 September 2024","format":false,"excerpt":"The consortium signed a 25-year land usufruct agreement for the wind farm in January","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1515.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=654869"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654869\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/654859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654870"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654869"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654869"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}